Bank of Japan Clarifies Policy

TOKYO -- A change in the Bank of Japan's quantitative-easing framework isn't a sign the central bank will shift to monetary tightening, the bank's governor, Toshihiko Fukui, said.

"At some point, we must exit an abnormal monetary policy" that was introduced to cope with severe economic conditions, Mr. Fukui said at the Upper House financial-affairs committee. "But modifying the current quantitative-easing framework is...